Direct Answer
Casey's reports a single business segment in its fiscal 2026 Form 10-K, so the whole company is managed and measured as one business. That segment's revenue was $17.6 billion (up 10.2% from the prior year), and its largest cost line was cost of goods and service excluding depreciation depletion and amortization at 75% of revenue, leaving net income of $714 million.
How Does Casey's Make Money?
Since 2024, US accounting rules (ASU 2023-07) require even a single-segment company to disclose the significant expense categories its management reviews. These are the amounts Casey's tags to its one segment, as a share of that segment's revenue.
| Line | FY2026 | FY2025 | Share of revenue |
|---|---|---|---|
| Revenues | $17.6 billion | $15.9 billion | 100.0% |
| Cost of goods and service excluding depreciation depletion and amortization | $13.2 billion | $12.2 billion | 75.4% |
| Operating expenses | $2.8 billion | $2.6 billion | 16.2% |
| Cost of goods and services sold depreciation and amortization | $450 million | $404 million | 2.6% |
| Interest expense | $97 million | $84 million | 0.6% |
| Net income | $714 million | $547 million | 4.1% |
What a Single Segment Does and Does Not Tell You
One reportable segment means management runs Casey's as one business; it does not mean the company sells one product. Revenue can still be spread across products, customers and countries that the filing describes in its revenue note or Item 1 without tagging them as segments. Cost lines are the company's own categories, so they compare across years within Casey's more safely than against another company, and lines that are not listed are included in other expense totals rather than missing.
Where These Numbers Come From
Every figure on this page is a value Casey's reported in the segment note and revenue disclosures of its Form 10-K filed June 22, 2026 (accession 0000726958-26-000046), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.
Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2026; it is not a forecast or a recommendation.
Frequently Asked Questions
How many business segments does Casey's have?
One. In its fiscal 2026 Form 10-K, Casey's reports a single reportable segment, so its chief operating decision maker reviews the business as a whole rather than by division.
What are Casey's's biggest costs?
The segment expenses Casey's reports, largest first: cost of goods and service excluding depreciation depletion and amortization ($13.2 billion, 75% of revenue), operating expenses ($2.8 billion, 16% of revenue), cost of goods and services sold depreciation and amortization ($450 million, 3% of revenue) and interest expense ($97 million, 1% of revenue).
How profitable is Casey's's business?
Net income was $714 million in fiscal 2026, a margin of 4.1% on revenue of $17.6 billion.